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Ola Electric join hands with Shriram Finance for EV financing
In order to provide its clients with appealing financing choices,
Ola Electric
, one of India's top electric two-wheeler companies, has teamed with Shriram City Union Finance.According to the
electric vehicle
manufacturer, by working with Shriram City Union Finance, it would be able to provide loan rates as low as 8.99% for a term of 48 months, with approvals being assured in a matter of minutes. With around 2,800 outlets spread throughout urban and rural areas, Shriram City Union Finance is one of India's top NBFCs and among the biggest funders of two-wheelers in the nation."As we extend our retail presence beyond Tier I cities, we are focused on providing simple and available financing solutions to everyone," stated Ankush Aggarwal, Chief Business Officer of Ola. With the help of Shriram City Union, we hope to remove financial obstacles and give clients access to electric transportation. We have faith that it will hasten the adoption of EVs throughout the nation.
Before completing their purchase using the Ola app, potential Ola customers may visit their local Experience Centre for thorough information on financing alternatives and make use of these financing options both online and offline. Also, Ola is on target to open its 1,000th Experience Centre in August and now has a retail network of over 850 centres.
Modern technology and performance are combined with a clean and simple design to create the S1 series, which consists of the S1 Pro, S1, and S1 Air. With roughly 40% of the market for electric two-wheelers, Ola is also the market share leader.